New Investor- Florida Market
BP Family,
I’ve always loved only handful of things, two of them are Florida and Real estate, so I want to combine them both. This is a dream of mine and what I want to pass to my children.
I’ve also done my due diligence, read hundreds of blogs/forums, and the obvious areas investors are piling into are- Tallahassee, Jacksonville, Pensacola, St. Petersburg, and Cape Coral.
I live in Washington, so I am seeking assistance. For insight, I have multiple avenues for funding, and aim to BRRR and hold the properties long term; however, also willing to leverage market specific strategies (AirBNB, etc). With this my questions are:
- What market would be a better one (highly subjective so cannot say the best) for a new long distance investor?
Are there specific nuances I should be honing in on (I.e., FL specific laws, etc.) - Are there any recommended attorneys, real estate agents, contractors, property managers anyone wouldn’t mind pointing me towards?
Most Popular Reply
@Justin Rush Pensacola is a great investment market for long term buy & hold, flips, wholesaling & short term rentals. We have a strong base of investors and wholesalers that are generally helpful and can help you source deals in addition to what you'll find on the MLS. My primary investment strategy is long-term BRRRR investor but my wife and I bought our first airbnb last year and it is going really well. I am also a Real Estate Agent and I'm seeing more demand for airbnb's from buyer's and renters. Covid, the lack of housing inventory and probably the increase in the number of in town properties used for short term rentals have really put a squeeze on long term rentals and driven rent prices up significantly which is offsetting the higher price of properties here and helping investors stay profitable. If you settle on the Pensacola Market(Pensacola, Gulf Breeze, Perdido Key, Milton, Pace, Cantonment, Navarre) I'm happy to share some attorneys, property managers, handymen, ect...
@Jessica Parker I may have some small & medium mobile home parks coming available soon